Statute · California Financial Code
Cal. Fin. Code § 14005 — Definitions
Cal. Fin. Code § 14005
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Unless otherwise defined in this division, “insolvent” means a credit union has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the federal bankruptcy law.
Citator
Cal. Fin. Code § 14005 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
Unless otherwise defined in this division, “insolvent” means a credit union has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the federal bankruptcy law.